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, the long-term deal that could take a big bite out of the deficit. >>> two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she's out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. >> as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. i didn't and that's that. >>> brace for an explosive few days ahead. ra beck that brooks, rupert murdock and his son are scheduled to be questioned by british lawmakers tuesday. >>> 15 seconds of news from canada. classic rockers chief trick got a scare as their stage collapsed at the ottawa blues fest. the stage blew over in severe weather. that's where we snagged these pictures. check out the stage before. and after. it's barely recognizable. good news, no serious injuries. >>> you hear the words grope and airport and junk-touching security checkpoint horror stories pop t
today, it's about politics, too. at issue, whether big spending cuts should be locked in before the government is allowed to borrow more money to pay it bills. president obama held his second news conference in a week tells you the biggest headline. there is no deal. so the politicians from the president on down are trying to prove they're the one most looking out for you. >> it would be very helpful for us to be able to say to the american people our fiscal house is in order. >> the president wassed a today month that it's impossible to get a deal unless and until the republicans agree to raise some taxes. in turn, republicans say that before he spends anymore time lecturing them, she stop giving press conferences and put his proposals down on paper. but in the hunt for specifics, it is crystal clear the president is not ready to take the lead. >> if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. >> a lot of questions tonight about where this is heading and how it will impact you. the president's initial deadline, tonight, w
. >> third, i think they are agreed on budget cuts but not which cuts. i think they are agreed now that big deal is dead so they will try to go for some small deal. i guess they're there but it's clear mitch mcconnell is concerned that the republicans in the house can't get anything through. >> well, then i don't think they're dead. your hopes of them all agreeing on the three things you named as you said, you don't know if it can get through the house. a house divided cannot stand for america, pat. richard, what is your reading? ? the republicans can't get it together and the people who may pay for this is the american public? >> before we get there reverend, i want to pick up on something pat said. if there were any kind of tax increase at all republicans would be finished. let's look at the polls. recent gallup polls suggest that only one in five american voters think that this deficit crisis needs to be dealt with, with spending cuts alone. in other words, the vast majority of voters want to see a mix. now you can debate where the mix should be between spending and revenues, between cut
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
people. we are not showing this to you for the sake of it. who do you know who making a big difference in your community? you can nominate these heroes and they end up winning. >> making a huge difference in their communities. a good thing to see. we want to wish everybody a wonderful fourth of july weekend. hope you're safe, healthy, happy and you have a little bit of fun. >> you're off? >> i'm off watching the fireworks. >> christine and i will be here on monday. have a fantastic weekend. kyra phillips takes it over now with the "cnn newsroom." >> how about a lot of fun? come on! >> some people have to work so i felt bad! >> happy fourth of july, guys. we all will be celebrating. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thank you for joining us. >>> witnesses taking the stand in the casey anthony murder trial. the judge says the case could go to the jury this weekend. >>> los alamos national lab closed fifth day as high winds make problems for fire crews. 94,000 acres have burned. lab officials say toxic materials are saving. >>> royal couple wakes
proceeding all through making headlines for wrong reasons but making big headlines nonetheless. >> we are following awe tlel' more on the nfl next week. mark, thanks. >>> the numbers are out. not the poll numbers and not the dow industrial. we are talking about the big number of bucks your presidential candidates are raising to win the white house. jim acosta, who has got the biggest bank? >> reporter: sometimes he's are the numbers that count, kyra, this morning. it looks like at this point, the person who has got the biggest bank right now is mitt romney. we haven't gotten any official totals in right now. yesterday his campaign did confirm that he is expected to bring in between $15 million and $20 million in the first quarter of fund-raising this year. not as much as he raised for the 2008 campaign but, still, way ahead of the rest of the pack. jon huntsman, we can mention, he also has a pretty big fund-raising hall for a guy that not a lot of people know about. $4 million. we should mention half of that, though, is money he kicked in himself. he is part of a very wealthy family t
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
. thanks! you noticed! you know these clothes are too big now, so i'm donating them. not going back there again. good for you! how'd you do it? eating right, whole grain. whole grain? whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't... multigrain cheerios has five whole grains and 110 lightly sweetened calories per serving... more grains. less you! multigrain cheerios. can help your kids' school get extra stuff. ♪ like musical instruments. ♪ and new art supplies. ♪ because they're the only cereals with box tops for education. last year, schools earned over ten million dollars from big g cereals. you can raise money for your kids' school. look for this logo... only on big g cereals. you can make a difference. every cereal box counts. >>> a norwegian court says the prosecution will request eight week of pretrial detention for the suspect in the country's terror attacks. prosecutors will ask for the hearing to be closed to the public and to the media. the suspect admits he killed almost 100 people in friday's bombing and
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
in three weeks the president continued to press for a big deal to raise the debt ceiling and to reduce the deficit by $4 trillion. >> i am still pushing for us to achieve a big deal. but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payme on deficit reduction. we are obviously running out of time. and so what i have said to the members of congress is that you need over the next 24 to 36 hours to give me some sense of whayour plan is to get the debt ceiling rais through whatever mechanisms they can think about and show me a plan in tes of what you are doing for deficit and debt reduction. if they show me a serious plan, i'm readyo move. even if it requires some toh decisions on my part. and i'm hopeful that over the next couple of days 'll see this long jam broken because the american people i think understandably want toee washgton do its job. >> president obama ruled out a 2.4 trillion plan prosed by house republicans. >> in my expectation is that you will probably see the house vote on
think a big part of it is that you need to understand that social change -- you don't wake up overnight and think i'm going to change the world. just like you said you want to or you make it other than a class project. you have to realize -- dream big for sure. i'm sorry that i didn't say you can't save the world and that's not going to happen overnight. social change does not come overnight but it does come incrementally and it comes by even having good dialogs like this today and i know it sounds cheesy but that's the first step people can realize because when you get those first jobs i can only speak only about washington-oriented jobs you may have graduated from the best universities or been the top of your class or feel that you really have a high aptitude and high grasp of issues but when you get there and if you're doing some remedial work you might feel downtrodden and why am i not talking to the press right now about why we need to have cap-and-trade legislation. realize the change will come incrementally both for the issues and they will come incrementally for your careers but
, and everything, they give big tax breaks for the oil companies. the big manufacturers. they're taking jobs away from us. and why they think it is best to do that. i need an answer to that, because i work 40 years of my life, and now i'm disabled. and now they're talking about cutting everything. i just don't think -- i've even put my life on the line for this country, vietnam. why they think it's the right thing to do. host: thanks for your call. next up, a comment from hewitt, texas. tony, a republican there. good morning. caller: good morning. how's everybody there this morning? host: it's a little hot both temperature-wise and internally i think here. caller: yeah. you know, we deal with a few facts here this morning. that cut, cap and balance that was passed did two things that everybody just is totally bent out of shape about. one of which is that it would raise the debt ceiling, and we would give that community organizer everything he wanted. it also, at the time, would say that the united states would even have a downgrade in its debt rating. and what do we do? well, you got the presiden
the impact. but i'm wondering, two of the candidates will be coming out after this big debate here in washington. does that give an advantage or a disadvantage or is it unclear based on the outcome? >> well, it's unclear based on the outcome certainly. the congresswoman and the congressman have both been very strong in their opposition. >> no compromise. right? >> that will appeal to many people in the base of the party. and i think what you've heard from some of the other candidates is somewhat more equivocal position. though john huntsman this week came out strongly for the boehner plan and said it was the only plan going and that the republicans and everybody ought to get behind it. congresswoman bachmann in particular, i think, has staked out that kind of tea party position. and she'll probably benefit from that. i think the other candidates are trying to get a piece of that, but try to go more broadly. >> i think bachmann and to a certain extent paul also risk some pleasure of backlash, or could in their don't raise the ceiling at all and their positions, playing down is a pot
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
what it really takes to make it to the national level. >>> the temperatures are heating up in a big way. how hot will it get as we head into the new week. you'll want to hear this one. >>> a standoff tonight over a tourist favorite. i'm will thomas. we are talking about pedicabs. the numbers are on the rise, and so is the tension. now there could be new rules for these guys. roz plater is in the newsroom to start us off. >> the drivers say they feel under siege from all sides after five years relatively problem free, now d.c. is set to impose a new set of regulations. >> reporter: the pedicab drivers will be the first to tell you their numbers are growing. but they say so is the tension between them and park police on the national mall. >> this year more than last we're being treated something like prostitutes out here, where it's a crime where most of the time the cops look the other way, but every now and then they bust some heads. >> reporter: tension came to a head friday evening when an officer arrested one of the drivers and chased him. witnesses claim it was unprovoked. >> the pa
's big three credit rating agencies, warned it might have to lower the country's top notch credit rating if lawmakers don't come it an agreement soon on raising the debt ceiling. this a starnlgts moodeddy's said its action was prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of a short-lived default. economists say if the aaa rating is lowered, it would throw the financial markets in to chaos and the cost of were rowing would go up for everything from mortgages to car loans. federal reserve chairman ben bernanke warned -- >> i think the worst outcome is that at some point, you know, we default on the debt and that would creates a i said before a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headeded in to wednesday's meet which go all sides have described as very tense. republican majority leader eric cantor quoted the president as saying, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my li
we are expecting what i think are unreasonable expectations. i'm a big believer in the jury system. i dedicated my professional career to it and i think it is the best system there is. >> bill: there is no other system. >> with that people have to go back and say what is realistic. prove beyond a reasonable doubt is not to a mat mathematical certainty. it is to a reasonable doubt. look at what is reasonable here. look at that cause of death. is there any reasonable doubt that this girl was murdered? >> bill: no. >> whether it was a premeditated murder or her mother was trying to quiet her. >> bill: if the little girl drown as i think one of anthony's attorneys said happened, you don't put duct tape over a drowned girl's mouth so that is out the window. you are not responsible for the the defense lawyers, you are not. these people introduce all kinds of crazy stuff they couldn't back up like i said in the talking points memo. weren't you offended as an american who wants justice for caylee anthony? weren't you offended by that? i was offended by that. >> a lot of the things that jose b
to head down there to watch the big fireworks show and concert tonight. >>> tomorrow congress comes back early from vacation are they making progress on this looming debt deadline. fox 5 morning news continues at 7 right now. >>> what a beautiful picture a live lookout doors on this 4th of july morning. a gorgeous shot looked better than last night when mother nature put on her own show. we are not totally in the clear today good morning i am tony perkens in for steve. >> i am alison seymour good morning for you. yesterday's storms turned deadly a 56-year-old man was killed when a tree fell on him riding his bike near mile marker 33 near maryland. >> arlington virginia some residents will spend their holiday cleaning up homes, yards, cars were covered with trees, branches and other debris that came down last night in the storms. >>> in the district the national mall had to be e evacuated thousands were there to watch the dress rehearsal. it went on but had to be closed to the public. >> i grew up in wyoming when they say thunder storm i don't mess around with that. i don't want to be on
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
pulled the trigger and the gun he used in that apartment. >> we just heard the big boom, like a big shot. so my son came in the house, i got shot, it hurtsism took him upstairs and just cleaned the wound. >> reporter: the 4-year-old was taken to children's hospital but his wounds are not considered life-threatening. police did question the shooter's parents as well as those who had access to the apartment trying to figure out just who owns this gun because, in maryland, it is illegal to leave a loaded firearm in some place where an unsupervised child under the age of 16 could get their hand on it. that is the latest here in palmer park. back to you. >> thank you. >>> an update now on the corruption scandal in prince george's county. county council woman leslie johnson faces more than a year in prison. she needed guilty yesterday admitting that when her husband, then county executive jack johnson, called on her, she followed his instructions to plush a $100,000 developers check down the toil the the and hid more than $79,000 in cash in her undergarments. >> i made a mistake for which i to
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
in these negotiations. chief washington correspondent jim angle looks at how big the gap is between what medicare takes in and what it owes. >> lawmakers of both sides agree that it's unsustainable. a problem raised with the former director of the congressional budget office. >> our understanding is that medicare is insul vent to $60 trillion is that right? >> it's underfunded by any piece of arithmetic. this year, 51% of the cost comes from tax revenue, not premiums paid by seniors, an amount that will soar in coming years. the new healthcare law seeks to cap healthcare spending to measure of inflation. if it goes faster something called the independent payment advisory board or icap would find savings. >> the board is prohibited by law to make recommendations to ration care, reduce benefits, raise premiums or raise cost sharing. >> it would therefore be limited to calling for cuts to providers such as doctors. committee chairman paul ryan knows providers only get # 0% of the rate now, headed to 66% and then half of that. he argues that doctors will just stop treating seniors. >> it's rationing on the
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
, again, big difficulties with the sydney s&p 200 by more than 1%. let's move over to europe. we're a touch into the hour on the trading day. a decent run-up on some of these markets in the course of last week, off by -- well, actually only a fraction of a percent now. it has been more than that, half a percent for the cac. in the united states markets clearly opened -- will be opening in less than five hours' time and we're looking to a lower start as well. off by 1%. certainly a little pessimism. maybe some optimism mixed in. we will, as hillary clinton says, see a deal in the course of day or the next day or two. >> yeah, it will be interesting to see how the european markets pan out as well and how it affects the u.s. futures. you know, this talk of possible default is actually sending some investors to safe havens like gold for example. hitting a record high of $1,617.30, now it's $1,617.30. the oil price pulling back just a tad over the back of what's going to happen to the u.s. economy and demand for crude. charles. >> hmm. now, if hillary clinton is right and a deal is ju
. the big mistaking that had people thinking they had gotten the bargain of the year. >>> but first, here are your options. resign or be fired. that is the ultimatum that was just given to nearly 200 educators tied to one of the largest school cheating scandals in u.s. history. it was just over a week ago, a state investigation revealed 178 teachers, including 38 principals, woulding at 44 schools cheated for students on standardized tests in atlanta. on monday, interim superintendent erroll davis replaced four superintendents and one principal in the atlanta public school scandal. now a letter has been sent to the 178 teachers, principals and administrators who were on the state investigative report as either confessing to or being implicated in the cheating. davis has ordered that educators resign by next wednesday or they will face termination. he says the culture inside the school district has to change. >> people failed children, they cheated. and we can't allow that to happen and we can't allow anyone who was involved with that to remain in our system. >> now, staff replacement may
planned recess next week for the 4th of july. >> mitch mcconnell making a big deal of inviting the president for a chat with no notice with the knowledge he already had plans. >> the president said he wasn't going to change his plaque plans to meet with mitch mcconnell. >> he also invited the president to hear what would not pass. >> is it logic? the republicans are not big on logic. >> if they don't this time, the full faith and credit of the u.s. will be in peril. >> if we don't do that -- wait, what happens again? >> armageddon. >> armageddon. >> armageddon. >> democrats are saying yes to michele bachmann. >> i'm not surprised by how well michele bachmann has done. she comes across as a real person. >> real human moments. very compelling to voters. >> obama's got some magic. >> with the wink and a hug, she's made the majority of the gop field disappear. >> king james called napoleon and together decided to kill america. they sent the nina, pina, and santa maria to fight. >>> and yes to stephen colbert. >> i'm sorry to say, ladies and gentlemen, we won! [ applause ] >> it's s
, carmageddon is what they're calling it. now, it might not sound like a big deal to you that a freeway is shut down, but this is not just any freeway. we will take you there for what is sure to be an interesting weekend in l.a. >>> also, an ipad 2 for $69. sears was offering that deal yesterday. today, they're offering an apology. the big mistake that had people thinking they had gotten the bargain of the year. >>> but let's now turn to the 405 freeway. the infamous 405 in los angeles. it is shut down this weekend. and you might be thinking, if you're not familiar with the area, big deal, freeway's shut down for construction. but think, folks, what if you are in new york and they shut down the brooklyn queens expressway? what if you're in chicago and they shut down the dan ryan? what if you're in atlanta, they shut down 75/85. you're in the bay area and they shut down highway 80 over the bay bridge? that's what we're talking about. this is how important 405 is. 500,000 drivers go on to the 405 every single weekend, but this weekend,s is not an option. the construction work is supposed to be do
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reasons boehner didn't go to the floor. not aa lot to give away
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
campaigned in one city this week. what is at stake for him? >> that is right. the big jet -- the big government juggernaut, if you like. he is responding to the intense wave of international criticism being directed at the country at the moment. the u.s. congressional committee is voting that aid will be cut off to sri lanka unless they show a move away from wartime atrocities. ofy're putting a lot resources into this. >> two opposition groups have claimed harassment by the ruling party, which it denies. it will these elections be free and fair? >> that is a big question about that political -- about that. proper transport is not been provided to voters to go to the polls. there are huge rural areas with no transport whatsoever. refugees returning and trying to rebuild their lives, they may not be able to vote. there have been some nasty incidents reported also. a main -- a main group in the north, the tamela alliance, some have said there has been intimidation. a dog was decapitated and its head was left on the gate of one of the candidates, allegedly. the government denies any wron
are loop hoeholing loopholings. >> shouldn't they hold firm, democrats, on this. >> this is a big step forward for john cornyn, one of the big leaders in the -- a leader in the republican senate campaign committee to suggest they're open to the idea if not in the intermediate term closing loopholes is an important first step. it suggests that you can win some of your concessions you want here. if you're going to take drastic steps to reform medicare and medicaid and social security, which i agree we should, you should also hold firm to say that some are going to have their taxes changed. if the middle class and the people below the middle class are going to make sacrifices, and all americans should. people on the upper oechend sho as well. hopefully they'll agree to a corporate tax cut and hopefully doing something incentivize businesses hiring going forward. >> we got some great segment ms ahead. and must reads. the tax issue hurts it economy to deal with this a little bit and get what the democrats want on this. i don't think it does. >> i want patrick to explain this. he never quite
their arguments outside rather than keeping them inside the room. the president wanted the big deal, john boehner it seemed wanted the big deal, and it's very clear that that is not likely to happen. so at this point the president had his press conference yesterday. he said, you know, i'm the grownup in the room here. we each need to give a little on something. he said, by the way, if we don't agree, guess who will sufficiensufficiener? the american people. >> you mentioned spooking the american people. i saw a poll today and i'm sure the white house saw it as well. in it it showed americans are more worried about raising the debt limit than they are about the government defaulting. could the statement by the president be, i don't know, a calculated effort to warn the country, talking about millions who don't get the checks about the severity of this government default? >> absolutely. i think the president is now starting to say, okay, and we're getting a little into the blame game now. okay, if the government defaults, you're not going to get your social security checks and your veterans benefit
to lead, they want them to come to washington and take care of the big issues that confront us right now, one is definitely the debt ceiling, the other is the debt. i tell you this. what they want is for us to take care of these big issues in a way that will allow you to work within our physical means, but at the same time provide them with the opportunities that they need for the future. this back and forth, these battling press conferences day to day, the ongoing conversations that they've been having, folks watching this at home have been terribly frustrated. my hope is we can get to a resolution on this very quickly. alisyn: sure, obviously everybody wants a resolution. americans are frustrated: doesn't it put the democrats in a bit of an untenable position to say, we are actually against a balanced budget? >> i think we need to clarify, democrats are not against the balanced budget. they are calling for a shared sacrifice. and the challenge is during the entire conversations about the debt ceiling, the debt and the deficit, what you've seen are democrats putting things on the line,
probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans on the house including his fellow leaders including kevin mccarthy, i'm told he is still considering it even though it's risky. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what'ss on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and that should happen today. >> you think it can happen befor
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
it is that momentous. the flurry of talk last week about going big and swinging for the fences were underscoring the idea of the president and the speaker to persuade the democratic and republican rank- and-file to go for something as big as $4 trillion. it was a long shot to begin with. both sides decided to spend a few days pursuing this long shot and it turns out that speaker behner blinked first. he was the first one to realize publicly that he did not have the votes in his own troops to get this through because it would require too much. host: if the number goes down from $4 trillion, what gets left behind? guest: you go from $4 trillion down to something. the fall back number we think is $2.50 trillion. that is the amount of deficit reduction that would be necessary to get republicans to vote for an equivalent amount of debt ceiling increase. that is what is required to keep the treasury in the flush to get for the next election. that is the number and we know that the vice president had six members of congress and they were pretty close. they were at about $2 trillion. entirely from the s
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